Similar companies
Company | Revenue | |
---|---|---|
No data for previous quarter available yet. |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 45.1B | 22.1% |
Gross Profit | 10B | 42.7% |
Cost of Revenue | 35.1B | 17.3% |
Operating expense | -9M | 100.7% |
Net Income | 947M | 28.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 51.6B | 2.1% |
Total Liabilities | 39.2B | 0.7% |
Total Equity | 12.4B | 6.9% |
Shares Outstanding | 721M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 2.34B | 22% |
Cash from investing | -1.01B | 0.9% |
Cash from financing | -348M | 54% |
EPS
Financial Highlights for Kroger in Q2 '24
Kroger reported a revenue of 45.1B, which is a 22.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 10B, marking a 42.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 35.1B, a 17.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were -9M, showing a -100.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 947M, showing a 28.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Kroger with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.